Add an additional clause to Inheritance Tax Act 1984 Part 1 section 8K which allows for a person’s nieces or nephews (by blood or marriage) to be counted as closely inherited for the purposes of the Residence Nil Rate Band Allowance.
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Millions of people in the UK do not have children, and many will pay higher taxes on their estates because no-one qualifies for the RNRB allowance. Many individuals consider nieces & nephews as their own and wish to pass assets down to them. The Government should change eligibility for this allowance so this is possible without inheritance tax being incurred.